Winning Isn't Everything
While your chances of winning a Powerball jackpot are only about 1 in 292 million, snagging a winning ticket might seem like the ultimate dream come true. But believe it or not, that dream can quickly turn into a nightmare. Despite the sudden wealth, a significant number of lottery winners end up in a worse financial situation than before they hit it big.
Often due to poor financial management, lack of planning, and impulsive decisions, the newfound wealth can vanish as quickly as it arrived. Here are nine common mistakes people make after winning the lottery.